#strategic-petroleum-reserve
#strategic-petroleum-reserve
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#oil-prices #energy-markets #supply-and-demand #energy-policy #gas-prices #middle-east-conflict #oil-pricing
#emergency-oil-reserves
World news
fromwww.theguardian.com
1 day agoIEA to consider release of more oil reserves as Iran war keeps prices high
The International Energy Agency plans to release additional emergency crude oil reserves to stabilize global markets disrupted by the Strait of Hormuz crisis, with 400 million barrels planned for release.
#oil-prices
World news
fromwww.mediaite.com
5 days agoCNN Anchor Presses Trump Energy Secretary on Oil Hitting $200 a Barrel' as Iran War Escalates
Secretary of Energy Chris Wright stated oil hitting $200 per barrel is unlikely despite Iran's warnings, citing adequate global oil supply and U.S. production leadership under Trump's administration.
World news
fromwww.mediaite.com
2 days agoEnergy Secretary Chris Wright Leaves Door Open on $200 Oil
Energy Secretary Chris Wright acknowledged elevated oil prices during conflict but dismissed Iranian warnings of $200 per barrel, stating the administration aims for sub-$3 gas prices through coordinated international oil releases and production increases.
World news
fromwww.mediaite.com
5 days agoCNN Anchor Presses Trump Energy Secretary on Oil Hitting $200 a Barrel' as Iran War Escalates
Secretary of Energy Chris Wright stated oil hitting $200 per barrel is unlikely despite Iran's warnings, citing adequate global oil supply and U.S. production leadership under Trump's administration.
fromLondon Business News | Londonlovesbusiness.com
4 days agoOil volatile amid geopolitical development - London Business News | Londonlovesbusiness.com
The market pulled back after the US allowed a temporary window for countries to buy stranded Russian oil and after the IEA confirmed a coordinated 400 million barrel emergency stock release. These steps helped ease some immediate supply fears, although they could remain insufficient compared to the scale of the disruption.
Europe news
World news
fromwww.npr.org
5 days agoIran's supreme leader issues his first statement as war with U.S. and Israel rages
Iran's new Supreme Leader Mojtaba Khamenei issued his first statement as the U.S.-Israeli conflict enters its 13th day, following his father's death in an Israeli strike, while Iran escalates attacks on oil tankers and energy infrastructure.
fromFortune
1 week agoTrump promised to fill America's oil reserves 'right to the top.' A year later, oil has exceeded $100 and they're still less than 60% full | Fortune
We will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world. The president didn't set a deadline for himself to do so-but in retrospect, an expedient one might have been useful. A little over a year after his declaration, the U.S. is heavily involved in a conflict in the Middle East that has left a hole in globally traded petroleum supply and caused U.S. gas prices to jump.
US politics
Right-wing politics
fromAxios
1 week agoSchumer calls on Trump to release oil from reserve to lower gas prices
Republicans attribute post-Iran attack oil price increases to temporary market fears, while Democrats blame Trump's policies and demand Strategic Petroleum Reserve releases to lower gas prices.
fromAxios
2 weeks agoOil prices surge as Trump team readies to "mitigate" costs
We anticipated this could be an issue. He didn't offer details but said it's designed to 'mitigate against' the price impact. The U.S. does not have immediate plans to release oil from the Strategic Petroleum Reserve, Bloomberg reports. But ING analysts said in a note: 'The longer the Middle East disruptions last, the more likely we are to see coordinated emergency releases from several countries.'
World news
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